IGV
iShares Expanded Tech-Software Sector ETF
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100.00% Today
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Almost lost everything. I promise not to be stupid again…for now 😂
Genuinely what on earth is going on with software right now? This is completely unhinged.
IGV just hit its longest losing streak since 2001. This software dump makes absolutely zero sense considering what we know as of today.
If ORCL is a “AI” company what it’s doing in IGV?
The SaaSpocalypse is over - 50k+ in gains on SaaS Names
Why TTD will rally soon and I'm putting 250k in calls
250k YOLO, TTD to the moon for world cup + IGV breakout
SPX at 21x P/E with 30-yr at 5.08% — is this a "mania phase" or just a new regime for rates?
I thought it was supposed to be a rotation???
What’s your opinion on selling All Tech Heavy Stocks soon and moving to SP500 $VOO?
My portfolio is bleeding from the SaaS selloff. I spent a week researching whether this is a buying opportunity or a value trap. What I discovered shocked me!
This IGV selloff is getting ridiculously extended to the downside
Bitcoin just went over $70k and software stocks are ripping. What happened?
What tech ETFs will Anthropic and OpenAI be included in once they IPO?
I spent $9,600/year on Substack newsletters so you don't have to. Here's who actually makes money.
Updated thoughts on buying IGV ETF or single SaaS stocks? Is the SaaSpocalpyse overblown and irrational? Buy the blood now?
he Great 2026 Rugpull: Why BTC to 50k, CVNA to $0, and the Trump Family Exit is the Ultimate Top Signal 📉🚀
15 years of near-perfect correlation between the NDX and software (IGV)...now the widest divergence on record
Software stocks and BTC appear to be moving together in lockstep. Metals fell hard too. Doesn't this imply AI is not the primary factor in the "SaaSpocalypse" story?
Investors are placing massive bets on a software sector recovery
If this isn't a dot-com level event, then now is more or less the time to buy software
IGV $7.7M Contrarian Call: Gamma Floor at 84, Vanna Target 95-100
ETF and Market Evaluation for week of 02/21/2023
ETF and Market Evaluation for week of 02/21/2023
ETF and Market Evaluation for week of 02/21/2023
ZM died after earnings, here's my next earning play for tonight: SNOW
Salesforce stock rallies on earnings beat, hiked outlook - $CRM
Going against the tide on growth. Simply do not care.
Cloudflare - Thoughts on possible growth speedup (mild hopium)
IGV is Showing Potential to be a Lucrative Investing Opportunity
Watch List For 3/26/2021 -- Look you need to research 'Sector Rotation'.
Mentions
I’ve tried owning Microsoft a few times. Made some short term money and got out every time. It seems like such an obvious play here but the market is punishing it until it sees an ROI and cash flow coming back. I prefer to own IGV because it already has Microsoft exposure.
If you are concerned that AI-related stocks are taking up a disproportionate amount of the market share, a good hedge is the software sector. IGV ETF for example. AI and software have been oppositely correlated in recent times. Whenever AI goes down, software goes up. The software sector is a particularly good value buy at this time. People thought that AI would devastate software sector, so it's been hammered down. But most of these software companies are doing fine, have little debt, have good income, and have very good P/E ratios.
MAG7 down on average more than 1%, IGV (proxy for SaaS) up a smidge. The only tech sector ripping today is semis, but ripping enough to pull the 100 biggest tech stocks up over 1%. I’ll take it, but definitely feels fragile.
Rotation is lightning fast. IGV dead again SMH rocket
Curious to see if this impacts software $IGV today. Already seeing some pressure with $IGV now under yesterday’s low and $IBM -4%
SOXX Hardware green and IGV software red market healing
$SOXX, $DRAM, $MU, $NVDA, and $EWY - Green $MSFT, $GOOG, $AMZN, $META, and $IGV - Red Please make sure you are buying the right dips, Boyz. Also, don't listen to the end-of-the-world peeps here who are bitter they don't have the balls to pull the trigger BTD on stocks that actually go up.
Be SOXX when others are IGV
Looks like IGV topped, rotation back to ai tomorrow? Mega Green Day for qqq?
I moved to IGV/Software/SaaS. I hope it's not gonna be a mistake but I think it's oversold.
$QQQ $SPY $IWM $IGV $SMH Too Big to Fail ? When bubble burst, how many Trillion market cap wipeout?
Buy the dip on $IGV down to $90, but anything lower is a no go
SMH beating IGV
I am betting on SaaS/DaaS/IGV recovery. I don't have the stomach to invest in semi/memory at these prices and volatility.
If there’s excess compute now, and everyone hates AI and data centers and it’s not returning as much value on its own and now there are open source models that are good for the majority of use, then yes absolutely the picks and shovels story is fading fast. People are realizing you need software for guardrails and IP protection so that is the beaten down trade to be in now. Long $IGV.
Is there a healthcare etf? Similar to IGV for software.
Software (IGV), Genomics (ARKG), and Metals and Mining (XME) have been my rotation plays for the last few weeks.
I told you clowns 🌽 was headed for a bear market rally in July. Same with IGV. Long calls IBIT COIN MSTR BMNR. And then get tf out by July 17
MAGS, IGV and NFLX are are green, rotiation into cash cows starting?
Looks like a rotation from SOXX to IGV
Market is rewarding those that cut Capex. Long IGV / Short SOX pair trade looks so fucking juicy rn.
IGV squeeze part 2 and day now, maybe tmrw
Mag 7 funded the ai build out, and earnings coming up and we will realize they are also making boatloads of money, and the market will melt up. Long IGV
MAGS up, IGV up..... MSFT red lmao **🤣**
IGV pumpin 2% while MSFT is -1%
IGV leading SMH
IGV up, SMH down, SPY up and SMH down, NVDA and SPY up, NOW, CRM, MSFT up.
Oh wow a whole 0.7% gain on IGV… massive market rotation bro!!!
Great time to rotate back to software. IGV baby.
Buy gyna tech names and all the top 10 companies in IGV then lose the password to your account
They've been uncorrelated from some time big dog, maybe IGV tho
Made 2k on IGV calls yesterday. Pretty predictable play.
You're missing the big picture which is that Salesforce charges a ton of money to companies for a CRM to manage leads and a sales pipeline. Mark my words, this will be the first enterprise vibe coded app. Mid size companies that pay $1m/year for this will dump salesforce for cheaper options, and their AI isn't impressive enough to keep clients on the cutting edge. I work in the industry and have 30+ yrs of experience in enterprise software. The stock market knows more than all of us combined. The tape is telling you some tiny real, I'm short IGV.
The AI sector has had the biggest gains and could have the biggest crash. The software sector (e.g. IGV ETF) has correlated the opposite as AI, so the software sector has been very beaten down. There seems to be nothing actually wrong with the software sector, and now they have very attractive P/E ratios. If the AI bubble pops, it's likely that software sector does very nicely.
Seeing this MSFT and IGV bounce got me feeling risky.
IGV up 3%, everything software is pumping, not just MSFT when semis dump, softie pumps and vice versa
I wanna believe they wont rug IGV and MSFT... but I've been hurt before
I wanna believe they wont rug IGV and MSFT... but I've been hurt before
IGV calls,so far so good.
Call me crazy but 🌽 and software (IGV) are going to have a bear market rally in July. Then crash hard August through October.
My IGV call is going to expire worthless
think the next month is like long IGV and mega caps and short SOXX and the dogshit small craps
IGV been shorted like crazy for months.
Buy some IGV calls if you want to live dangerously.
What's most shocking to me is how surprised everyone is they beat massively, grew massively, and guided massively considering we can basically trace every cent of this from the hyperscaler capex. This entire cycle is a wealth transfer from hyperscalers (spenders) to semiconductor companies (receivers). At some point, they will need to stop increasing CapEx at the rate they are, which will result in stagnation of earnings for the semiconductor companies. Considering memory is a commodity, that might happen at the same time you get margin compression as supply demand balances. Once again this all comes back to the CapEx. Do they keep increasing it? Or do we hit a point where supply-demand for compute comes into balance? My bet is on the latter given compute is also a commodity. If you think the capex boom keeps accelerating: short capex spenders / long capex receivers. If you believe in high school level macroeconomics: long capex spenders / short capex receivers. This isn't really a hot take, the market has figured it out but has been heavily betting on the former. Not sure the exact number, but the correlation between IGV and SOX must be nearly -1 over the last 6 months.
Guess I’m shorting IGV again tomorrow
Crazy take - what if MU ER marks the MSFT/IGV bottom?
My CIBR, IGV, META calls are fucked
Can't claim I have always managed to exit positions at the right time. More often than not I either sell too early or hold on too long lol. Trying to have sort of discipline...and if significant gains come in a fairly short time period I am trying to exit and bank the gains. Yes to TTEK - I am in it. They took a hit as I understand on the USAID and Department of State contracts. Next earnings will be important to set the new earnings run-rate for the company. Will checkout PLUS - been trying to avoid s/w names as I am stuck with a few given this years IGV selloff, etc.
Intel is a particularly interesting case. I was looking at it not too long ago, when it was 20$... I couldn't believe the amount of hate accross social media, it was like the unanimous opinion was that it was a shit company with shit product, and going to zero. I mean, historically if you were in the market for a CPU, it was either AMD or Intel... And sometimes AMD had some better price/performance deals for gaming, but Intel ALWAYS had the best CPUs. Now, AMD currently has bested Intel on their latest generation, but will that last forever ? Besides, Intel still wins on single core performance. Apple somehow managed to beat Intel on their latest processors, which is interesting, but irrelevant to most people on this planet cause they're not on IOS. Intel also always had the best Wi-Fi modules, bar none, and as far as I know this is still the case. At a time when more and more stuff has Wi-Fi connectivity. Intel also is unprofitable right now cause they're massively investing to produce next-gen products on US soil. Which is a big gamble, but it also could pay off massively. Didn't they reserve all of the machines that ASML will make this year, or something like that ? Then Intel went up 6x on basically no new information... Crazy stuff. Like at some point people realized Intel was still making chips, which are the current theme, and it doesn't matter what they are or who makes them. >The $30 trillion question at the center of all of this: how is any of this supposed to create the kind of sustainable market needed to justify these valuations if nobody believes in any of the companies footing the CapEx bill? That's the question I've been asking myself for years now... The answer I usually get is something like ''it can't be a bubble, the hardware sales are real''. Then I go ''that's precisely a bubble if the hardware is bought to perform unprofitable tasks''. The funniest part is the schizophrenic disconnect between the whole ''short software long hardware'' theme. Look at how Palantir dropped hard from June 1st, exactly at the same time as the IGV etf. That eTF contains currently hated names such as SalesForce and ServiceNow, but also Palantir. And love them or hate them, Palantir's entire business is based on leveraging AI to increase productivity in large organizations... Youy know, the whole thing that people hope is going to justify the AI capex spending. THEY ARE DOING EXACTLY THAT, and they get shorted like they were some dinosaur legacy firm selling fax machine firmware. I know PLTR still has a high valuation, just mentioning how the market recently seems to be lumping them will any and all other software companies. Another funny example is MSTR. Most of their business is now their bitcoin accumulation strategy, but they are included in the IGV index as a software company. And the crazy thing is their software actually leverages AI tools. So anyone shorting the index is also shorting this company which actually makes money with AI, which should be the reason behing going long semis in the first place... The idea that the hardware will be in demand because at some point people will make money off it. And by shorting the index, you are also getting short bitcoin exposure, which should be a different conversation altogether. >blames the whole thing on Direxion's double/triple leverage long and short ETFs. I pretty much doubt this is the root cause of the problem, as these are mostly retail products. Traditional wisdom says retail rarely moves the needle that much. And I suspect many people are using these for convenience, instead of options. As in, the volume you see there would probably be in the derivatives market instead if these ETFs didn't exist. My gut feeling is the big players know a wall is coming, but the incentives aren't there to kill the hype train. Aside from SpaceX and the 2 insane IPOs coming, I think Google and others also raised massive amounts of money... Could be they know winter is coming, but they all think they can survive just fine if they can fill the coffers enough before it hits.
IGV stocks likely dump more tomorrow while money piles back in smh and soxx imo
Retardation mostly. And IGV.
NOW & IGV too. I’m not calling a bottom today but the 1st half showed how to play these for an amazing trade (I did well🤑)… now we get a second bite at the apple & it’s still only Q2. META & NFLX same exact story, but MSFT & NOW are just stupid easy buys here for another huge rally trade
The reversal in software last month made people like me bank. Now it’s repeating, MSFT, IGV, NOW crashing just like in Q1, META & NFLX too, and software was \*up\* today. I strongly predict another sharp reversal from deep oversold conditions very soon. Second bite of the apple opportunity.
You're doing the chalie brown had hoes thing. The point OP was making, the whole point, was that software was up today. That's it. You're the one who is implying something down for the week. Again, go back and re-read what you said: >What the fuck are you smoking? All software but MSFT is down. That case, you are cherry picking yourself. It's not all software, that's why i pointed out the names lol. I just mentioned stocks I followed being up. Also mentioned them because you said "ALL SOFTWARE".I even clarified that IGV in both posts are better to use, which was up at the time. Then it's followed by this: >tbh all of these are down over the past week anyway Again, this your problem with reading comprehension man. To sum up, since you have issues and you're pretty rude: OP made kind of a joke/point, that software was generally up today because of rotation out of semis. You made a claim that was false. Then followed up by misunderstanding and bringing up something around week to date, when the point was the the action for today and today only. I'm so over this right now, it's pretty dumb lol Best of luck to you.
lmfao, IGV closing flat on the day. Tomorrow, they sell software again and buy the semis dip guaranteed
They didn't say this week, but today man. Go back and re-read what they posted; >The once a month rotation into software has occurred. Again, I think IGV is a better bellwether when you are saying "software".
I mean IGV is like usually the ETF that refers to the software sector, that is barely green. At least some of the software names I follow are having a great day, stuff like: WAY, NOW, NET, DOCS, EVER, EXLS, TOST, PEGA, MANH are a few names that are all in the green today
They are probably in the worst situation in IGV because of how AI can easily substitute their business.
IGV is fine, but it has a lot of cyber which is IMHO a bit overvalued now. Just MSFT and NOW leaps
I agree with IGV....looking at WMB, ok, good call. I thought you were trying to convince people to start trading nat gas....I got smoked on that when I first started trading. Never again. On that note: I like ETN and HPS-A(hammond power solutions), for the electrical component factor to these power plants....You can make power, but need the equipment to move it! I like the WMB play, but I think It is a tad "safe" for me. I'm young and can afford a bit more risk. As far as IGV, I would be the guy that picks out individual stocks in that sector (i'm slowly DCA'ing into MSFT, NOW and ADBE, among others), instead of an etf, expecting a rebound before years end.
Look at software (e.g. IGV) getting some love today. This is the place to be as AI implodes over the coming months.
Next rotation is natural gas for AI power. See WMB. Next comes software after the Anthropic IPO. Once the market knows who wins and who loses, it’s time to buy IGV
if SOXX, DRAM etc dies IGV/etc (ADBE, MSFT) will thrive, at least relatively
Reversal will be epic, Check how many where offside in may when IGV made +50% in a matter of days. Good luck catching the bottom though.
The worst part is that even if money stops pumping into semis and memory the market conditions will be too bad for it to go back into MSFT and IGV
MSFT and IGV.. I think I know where wall street got a portion of its money to pump AI stocks now
Sold my IGV leaps, and bought MSFT leaps. I am not officially a MSFT baggie.
At this point I’m getting used to seeing IGV down 2% daily
Head and shoulders on IGV with a long term double top? Or am i crazy?
Me for the 100th time this morning seeing IGV pop “ah yes finally the reversal in software” only for it to dump again minutes later
Funds are shorting the IGV to get liquidity to go long semis. It's been working for some time now. There are narratives "explaining" it but it's a crowded trade.
WSJ or Morningstar is saying with all the money diverted to SPCX this is a good time to buy value sectors like IGV, so I totally agree with you. I bought some each week.
Locked in some profit on HOOD today. Bag holding IGV December call. Win some lose some I guess
IGV is down a whopping 13% YTD. Why are you panicking?
Microsoft IGV is up little buddy wakey wakey you're going to miss your bus!
How the fuck is msft always red while IGV is green? Msft are you stupid?
MSFT is only a software stock when IGV is red
I do work for Veeva and have equity so take this with a grain of salt, but I strongly believe there's a ton of runway here and that $220+ price target feels highly realistic. Everyone can see the fundamentals are great and internally we're trending in the right direction on almost every measure: sales targets ahead of schedule, new product releases, new big name customers, more hiring than firing, etc. But, something I haven't really seen discussed is that this share price decline for SaaS stocks like Veeva and Salesforce over the last year and change has been mainly due to SaaS falling out of favor with institutional investors because of the enormous hype behind chips and AI companies, NOT because there is some fundamental flaw with the companies or the space as a whole. Institutional investors have to follow the market and can't really hold on long time horizons like retail can which explains why, at least in Veeva's example, that these share prices keep falling despite consistently strong fundamentals. I think SaaS as a whole has a lot of runway here, and Veeva is no exception. Systems of record are not going anywhere, and despite what you may read about AI replacing SaaS, that's just not feasible when we're talking about these B2B enterprise SaaS solutions that are the real money makers. AI agents built by these SaaS companies are running natively on their platforms, and they've only increased the value of the system since they're now that much more powerful and useable. I could go on and on about this but long story short, buy and hold Veeva and similar companies until they start to deviate from IGV.
IGV's stock chart looks like a pump and dump meme stock
Don’t forget trump still holds major software names on IGV - many in congress own NOW, bill ackman leaned into MSFT, palantir getting more government contracts - the recent price action does not define the future
Not us based and IGV had a lot of names I would pass on
So IGV tot the moon? Cut to the chase..
IGV still has a P/E over 30! This is hardly "value" territory. Hell, it is hard to even call it a meaningful correction. I think Benjamin Graham's quote is quite relevant and the weighing machine has only recently been brought out. It still weighs too much!
I’m going to free up some margin in my taxable account to do this. Sell my dead money IGV LEAPs, fucking thing is red most days out of the week with winners like oracle and Microsoft lol
Huge accumulating volume on IGV for weeks now... Time to fly
Will $IGV/$MSFT ever fucking bounce? This sector is fucking brutal and its overdone at this point
Wow, congrats OP. I'm still on the sidelines, picking up shares of IGV. Knowing my success rate will likely continue bag holding while watching the next leg up in tech 😔🙃
Wtf is ADBE even still doing in IGV, are they stupid or something?
Lmao the IGV is still fucking negative, software is done for